Schedules of Condition
Schedules of Condition
A schedule of condition (SOC) is a factual record of the condition of a property, normally prepared for legal or contractual reasons. Schedules of condition can be prepared for either residential or commercial buildings.
They create a complete record of the condition of the property on a particular date that can be used as a benchmark against which its condition can be assessed in the future and any changes identified.
Schedules of condition may be prepared under the instruction of a landlord, a tenant, an employer, a contractor, or a neighbour.
Appointing an independent expert to prepare a schedule of condition should help to give it greater weight if there are subsequent claims or negotiations.
For commercial or residential property leases, a schedule of condition can be required when a new lease is entered into to confirm the condition of the property.
This ensures that the condition recorded so that any existing defects and their repair costs are identified prior to a commitment to lease being made, and can help with lease negotiation.
It can also be used to establish responsibility for dilapidations and reinstatement, typically towards the end of a lease.
A Schedule of
Condition for
a new Lease?
Giving you peace of mind before construction work begins.
Recording the condition of your home or place of work before building works start. If damage is caused, you can prove where the damage is and exactly how much.
Are you
starting a new
construction
project?
A schedule of conditions might be prepared before construction begins for adjacent properties or structures that will be retained, or if part of a building is being refurbished.
This not only helps protect against potential claims from neighbours, who may only begin to notice pre-existing defects in their property when the noise and vibration of construction begins, but can also establish contractor liability for damage to the employer’s properties.Please give the ROC haus office a call to discuss your potential project today.
We are here and happy to help.
